President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are."
After Obama adviser Paul Volcker recently raised the prospect of a value-added tax, or VAT, the Senate voted 85-13 last week for a nonbinding "sense of the Senate" resolution that calls the such a tax "a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery."
Obama is trying everything he can do to cripple the American economy and to keep everyone miserable. I really don't think Obama has ever taken a basic economics class. What does he think will happen if they enact a VAT? Prices for everything will raise. Most companies add any expense on to their product. But I think Obama knows this and wants this. He wants everyone to be equally miserable...it's the socialist way.
No comments:
Post a Comment